Stamford, Conn.- Following a period of cost cutting and reactive spending, insurance organizations with more than $1 billion in revenue will be even more cautious when making their IT spending decisions in 2006, according to Gartner Consulting's Worldwide IT Benchmark Service.

In 2006, IT spending in the insurance industry is expected to be 6.5%, a decline from 2005, when IT spending was 7.7%.

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